Forex Strategy Video: GBPUSD and AUDJPY - Short-Term vs Long-Term Setups
- While short-term and long-term trading strategies share many traits, there are also key differences
- Fundamentals, technicals, time frames and stop/target buffers differ between the two time frames
- The easiest way to assess your trading time frame is to simply check what frequency charts you use
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Can a single strategy be successfully applied to both a daily and hourly chart? While many of the principles that we practice in our trading are consistent regardless of our time frame, there are certain aspects that require a particular approach to develop a successful strategy. In today's Forex Strategy video, we use GBPUSD and AUDJPY to illustrate the different use of fundamentals, technicals and positioning depending on the time frame we trade on.
Find the same event risk discussed in today's video using the DailyFX Economic Calendar.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.